Funding you earn now, next payment 04:00 UTC−0.1550%/8h= −169.7% APRpaid last 24h −0.005%
Price spread now: Bybit against Gate+0.162%7-day average +0.259% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)+0.246%+$25 · spread now +0.162%, 7d avg +0.259%
=Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Bybit is 0.097% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.259%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NEWT_USDT | 0.04927 | 0.0100 | pay 0.0100% / 8h | 5h 44m | $133K | $66K | 10x |
| Short | Bybit NEWTUSDT | 0.04935 | −0.1450 | pay 0.0725% / 4h | 1h 44m | $658K | $709K | 20x |
Gate NEWT_USDT
Bybit NEWTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$325.51
- Price spread: +0.162% → +0.259%
- −$9.7
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$361.21
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 10 min ago; Bybit: live order book, 10 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 10 min ago | 15.21 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 5.06 bp | 140.9 bp −$141 | doesn't fit | doesn't fit | doesn't fit |
NEWT on 6 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEWTUSDTshort | −0.1450% | 4h | 0.04935 | +0.162% | $658K | $709K | 20x | |
| Binance NEWTUSDT | +0.0100% | 4h | 0.04935 | +0.159% | $1.3M | $2.4M | 25x | as long as short |
| Gate NEWT_USDTlong | +0.0100% | 8h | 0.04927 | long leg | $133K | $66K | 10x | |
| MEXC NEWT_USDT | +0.0100% | 4h | 0.04934 | +0.142% | $368K | $161K | 50x | as long as short |
| KuCoin NEWTUSDTM | +0.0100% | 4h | 0.04935 | +0.162% | $329K | $46K | 25x | as long as short |
| Bitget NEWTUSDT | +0.0100% | 4h | 0.04943 | +0.325% | $355K | $244K | 20x | as long as short |
Binance NEWTUSDT
MEXC NEWT_USDT
KuCoin NEWTUSDTM
Bitget NEWTUSDT